There will be no change to your wiring instructions. Our existing BIC, EPBLVCVC, will continue to function into the foreseeable future. We have also obtained a new BIC, EUPNPRSJ, which we will begin to use over the coming weeks and months.

Customers of Euro Pacific Bank in Puerto Rico will no longer be subject to reporting requirements under the new international Common Reporting Standards (CRS) legislation, which is set to take effect in St. Vincent and the Grenadines next year, as Puerto Rico is a US territory, and the United States has not signed on to implement this Standard.

As in St. Vincent and the Grenadines, FATCA compliance is still mandatory in Puerto Rico. For more information on the Bank’s FATCA compliance program please read here.

As always, customers are strongly encouraged to consult their local tax advisor for any information about their tax obligations internationally. Euro Pacific Bank does not provide tax advice.

Euro Pacific Bank is redomiciling the legal entity to Puerto Rico. The process of redomiciling the Bank involved receiving approval from the Puerto Rican regulatory authorities for the Company to continue business into the jurisdiction and be recognized there as a Bank. As part of this process the legal name of the Bank is now changing to Euro Pacific Intl. Bank Inc., but will continue to use the trade name Euro Pacific Bank.

The option to redomicile the Bank was chosen due to the fact that the entity is not dissolved or discontinued, instead all of the Bank’s assets, customers and operating history will simply continue into the new jurisdiction.

Your funds are not exposed to the Puerto Rico debt situation, or at risk due to financial difficulties in the region.
As was the case in St. Vincent and the Grenadines, your deposits are not held with local domestic banks, and thus are not subject to any of the bail-in or seizure provisions within the country. Instead, funds are held in correspondent institutions around the world.

Additionally, the Bank will no longer be regulated in St. Vincent and the Grenadines by the Financial Services Authority. Instead, the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico will be the Bank’s primary regulator.

The option to redomicile the Bank was chosen due to the fact that the entity is not dissolved or discontinued, instead all of the Bank’s assets, customers and operating history will simply continue into the new jurisdiction.

Being legally domiciled in Puerto Rico will provide us with many benefits – clearing USD directly, reduced costs and paperwork – while continuing to offer a conservative and internationally-accessible online bank.

Euro Pacific Bank will maintain the same account opening procedures, which do not require onsite client visits. All accounts can be opened remotely through electronic transmission of the necessary documentation and information. For more information on our account opening process you can review it here.

Hours of operation will remain the same as Puerto Rico and St. Vincent and the Grenadines operate on the same time zone. The Bank has one new additional phone number, which is +1-787-280-9766. All other phone numbers and contact details will remain the same.

As a non-domestic financial institution, we will not be participating in FDIC at this time. We continue to maintain the utmost conservative banking policies as possible, which includes zero lending and zero proprietary trading of bank funds.

Although we are located in Puerto Rico, as an online bank we have built redundant offices and hired staff around the world to ensure bank operations will continue during natural disasters.

Note also that your assets are not physically located in Puerto Rico – instead held in correspondent institutions and custodians around the world, whether cash, shares, or precious metals.

In the most recent case of Hurricane’s Irma and Maria, which significantly impacted banking operations throughout the Caribbean, Euro Pacific Bank experienced no downtime despite some physical damage to various offices.

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Euro Pacific Intl. Bank Inc. is licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico as an International Financial Entity (license # IFE-033). International Financial Entities (IFEs) are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. 273 of September 25, 2012, as amended (the IFE Act) and Regulation No. 5653. Euro Pacific Intl. Bank Inc. is authorized to trade as Euro Pacific Bank. Euro Pacific Bank is not insured by the FDIC in the United States.

Proprietary mutual funds are offered through Euro Pacific Funds SCC Ltd., a licensed public mutual fund company in St. Vincent and the Grenadines.

Fund and investment advisory services are offered through Euro Pacific Advisors Ltd., a licensed fund management company in St. Vincent and the Grenadines.

Euro Pacific Securities, Inc., Euro Pacific Funds SCC Ltd., and Euro Pacific Advisors Ltd., are all wholly owned subsidiaries of Euro Pacific Intl. Bank Inc., but are not governed by the laws and protections of Puerto Rico or the United States.

Disclaimer

This Website is intended for the use of NON United States or Puerto Rican citizens or residents.

The products and services provided on this website are not intended for use by any individual or entity in a country where the use would be contrary to law. Certain products and services offered on this website may have legal and or regulatory restrictions and may not be available in all geographical jurisdictions. The information contained on this website is intended for informational purposes only and is not a solicitation for any products or services.

Please be aware that the Bank will be operating on modified opening hours for the holiday season. Holiday hours are listed here for your convenience.
Euro Pacific Bank wishes you a happy holiday season and all the best in 2019.